LONDON, July 10 (Reuters) - North Sea gas producer Venture Production Plc (VPC.L) said on Friday it had rejected a $2 billion bid from from Britain's largest gas retailer, Centrica Plc (CNA.L).
Venture said its board had met and concluded that Centrica's 845 pence a share offer, announced earlier on Friday, substantially undervalued the company. (Reporting by Tim Castle; Editing by Gary Hill)
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